Parker-Hannifin Corporation $PH Shares Sold by Geneva Partners LLC

Geneva Partners LLC decreased its holdings in Parker-Hannifin Corporation (NYSE:PH) by 11.5% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 4,543 shares of the industrial products company’s stock after selling 591 shares during the period. Parker-Hannifin makes up approximately 2.0% of Geneva Partners LLC’s investment portfolio, making the stock its 22nd largest position. Geneva Partners LLC’s holdings in Parker-Hannifin were worth $4,067,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the stock. Texas Capital Bancshares Inc TX acquired a new position in Parker-Hannifin during the third quarter worth $25,000. HFM Investment Advisors LLC increased its stake in shares of Parker-Hannifin by 1,000.0% in the 4th quarter. HFM Investment Advisors LLC now owns 33 shares of the industrial products company’s stock worth $29,000 after acquiring an additional 30 shares during the last quarter. Lloyd Advisory Services LLC. purchased a new position in shares of Parker-Hannifin during the 4th quarter worth $31,000. Ameriflex Group Inc. raised its holdings in shares of Parker-Hannifin by 366.7% during the 3rd quarter. Ameriflex Group Inc. now owns 42 shares of the industrial products company’s stock worth $32,000 after acquiring an additional 33 shares during the period. Finally, Mowery & Schoenfeld Wealth Management LLC boosted its position in shares of Parker-Hannifin by 80.0% during the 4th quarter. Mowery & Schoenfeld Wealth Management LLC now owns 36 shares of the industrial products company’s stock valued at $32,000 after acquiring an additional 16 shares during the last quarter. 82.44% of the stock is currently owned by hedge funds and other institutional investors.

Parker-Hannifin Stock Performance

NYSE:PH opened at $957.51 on Wednesday. Parker-Hannifin Corporation has a fifty-two week low of $692.02 and a fifty-two week high of $1,034.96. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.66 and a current ratio of 1.13. The company has a 50 day moving average price of $906.98 and a 200 day moving average price of $929.42. The stock has a market capitalization of $120.73 billion, a P/E ratio of 35.32, a PEG ratio of 2.60 and a beta of 1.11.

Parker-Hannifin (NYSE:PH) last announced its earnings results on Thursday, April 30th. The industrial products company reported $8.17 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $7.84 by $0.33. Parker-Hannifin had a return on equity of 27.97% and a net margin of 16.58%.The company had revenue of $5.49 billion for the quarter, compared to analyst estimates of $5.40 billion. During the same quarter in the previous year, the company earned $6.94 earnings per share. The firm’s quarterly revenue was up 10.6% compared to the same quarter last year. Parker-Hannifin has set its FY 2026 guidance at 31.200-31.200 EPS. Equities research analysts forecast that Parker-Hannifin Corporation will post 31.26 EPS for the current year.

Parker-Hannifin Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, June 5th. Investors of record on Friday, May 8th were issued a dividend of $2.00 per share. This is a positive change from Parker-Hannifin’s previous quarterly dividend of $1.80. The ex-dividend date was Friday, May 8th. This represents a $8.00 dividend on an annualized basis and a yield of 0.8%. Parker-Hannifin’s dividend payout ratio (DPR) is 29.51%.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on PH. Truist Financial upped their price objective on shares of Parker-Hannifin from $1,147.00 to $1,269.00 and gave the company a “buy” rating in a report on Thursday, July 2nd. Wall Street Zen lowered shares of Parker-Hannifin from a “buy” rating to a “hold” rating in a report on Saturday, June 6th. Citigroup reissued a “buy” rating on shares of Parker-Hannifin in a research note on Monday, June 8th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Parker-Hannifin in a research report on Tuesday, April 21st. Finally, Evercore set a $1,064.00 price objective on Parker-Hannifin in a report on Monday, May 11th. One investment analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $1,026.86.

Parker-Hannifin Profile

Parker-Hannifin Corporation (NYSE: PH) is a global manufacturer and provider of motion and control technologies and systems. The company designs, manufactures and services a broad range of engineered components and systems used to control the movement and flow of liquids, gases and hydraulic power. Its product portfolio is applied across demanding environments and includes solutions for industrial manufacturing, aerospace, mobile equipment and other engineered applications.

Parker-Hannifin’s product and service offerings span hydraulic and pneumatic components, fittings and fluid connectors, valves, pumps and motors, electromechanical actuators and motion-control systems, filtration and separation products, and seals and sealing systems.